HILLTOP REALTY

April 30,2017
Trial Balance Adjustments Adjusted Trial Balance
Accounts Debit Credit Debit Credit Debit Credit
Cash 14,450 14,450
Accounts Receivable 9,800 9,800
Office Supplies 5,400 2,700 2,700
Office Tools 12,500 12,500
Automobile 37,500 37,500
Furniture 23,650 23,650
Accounts Payable 11,000 11,000
C. de Leon, capital 50,000 50,000
C. de Leon, drawing 9,000 9,000
Sales Income 156,500 156,500
Office Salaries expense 75,000 75,000 150,000
Advertising expense 7,500 2,500 10,000
Rent Expense 15,000 15,000
Utility Expense 7,700 7,700
Office Supplies used 2,700 2,700
Depreciated Office tools 1,500 1,500
Accumulated Depreciation Office Tools 1,500 1,500
Interest Expense 7,700 7,700
Accrued Interest Expense 7,700 7,700
Depreciation Furnitures 3,750 3,750
Accrued Depreciation 3,750 3,750
Depreciation Automobile 1,563 1,563
Accrued Depreciation Automobile 1,563 1,563
Prepaid Advertising Expense 2,500 2,500
Accrued Salary Expense 75,000 75,000
TOTAL 94,713 94,713 309,513 309,513

On April 30, the end of the accounting period, the following data were taken: 7. Office employees are paid every week. On April 31, four weeks of salaries of an
1. An actual account of office supplies showed a balance of 2,700. employee for 18,750 per week have accrued.
2. Office tools are depreciated at 12% per annum.
3. A 7% interest has accrued on the accounts payable.
4. Furniture are estimated 4 years, after which it shall have a value of 8,650.
5. Automobile are estimated has a useful life of 6 years bought on December 1, 2016.
6. The used of the advertising asset account represents for 3 months. Paid on Jan.1
2017.